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Elasticity (Economics) (Kcu)

Definition
A measure of the change in demand for one good or service with a change in another, such as the measure of the decrease in transit ridership with the increase in fares. (Source: Team, adapted from Urban Public Transportation Glossary, http://onlinepubs.trb.org/Onlinepubs/glossary/001.pdf)
Broader Term
Economic analysis (Kc)
Related Terms (Hierarchical)
Economic development (Kcb)
Economic efficiency (Kcd)
Economic forecasting (Kcf)
Economic growth (Kcg)
Economies of scale (Kcm)
Consumers surplus (Kcs)
Producers surplus (Kct)